(via NewsDirect)
The updated resource came in at 17.6 million tonnes at 1.5 g/t gold for 832,000 ounces, and Bowles says there is significant potential for both shallow and deeper high-grade gold resource expansion.
Post-quarter end, Alto announced an
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Funds raised from the new share issue will be used for ongoing extensional and resource drilling at Sandstone's Indomitable and Vanguard targets.
“We are looking forward to receiving assays currently pending from over 4,500 metres of RC (reverse circulation) drilling at Indomitable, targeting potential high-grade structures in the primary rock at depth, and rigs are ready to be mobilised to follow up on these pending results,” Bowles told the market last week.
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